According to a new study, 25 million Americans are thinking about buying cryptocurrency in the next 12 months.
US-based Nobl Insurance released its study analyzing digital asset trends and US residents’ willingness to invest over the next year.
The report finds that from the start of 2018 through May of 2019, the market grew by 42%, with 6.72 million new owners enter the market.
Here are some additional highlights from the study.
- Despite the loss of over $1 billion USD worth of cryptocurrency last year alone, just 10% keep their digital currency exclusively in offline cold storage.
- Men have been the first on the uptake of cryptocurrencies, but women are now catching up at 35% of all owners.
- 44% of crypto owners are over 35 years old, sitting mostly outside the millennial age group.
- 37% of cryptocurrency holders own more than $5,000 worth of assets and a further 8% hold over $50,000 in crypto.